EMIR Special Report August 2014

Reporting requirements for valuations and collateral in over-the-counter derivatives transactions take effect Aug. 11 under the European Market Infrastructure Regulation, or EMIR. This special report explores lessons learned from the first EMIR reporting phase, which became effective on Feb. 12, and looks forward to the newest phase, exploring what the newly reported data will tell regulators about the bigger picture of the derivatives market in the European Union. We also continue to look ahead to mandatory clearing and margin requirements for uncleared derivatives.